Since 2022, the amount of credit card debt that is 90 days overdue has almost doubled, indicating growing financial stress among borrowers. However, the rate of new delinquencies has not increased, suggesting that while existing overdue balances are worsening, new cases are stable. This trend could signal challenges for lenders and consumers in managing long-term debt. Monitoring these patterns will be important for understanding future credit risk and economic health.
Capital One experienced a significant 26% increase in purchase volume, highlighting strong growth in its recent franchise acquisition. In contrast, the legacy Discover card volume saw minimal growth, rising less than 2%. This disparity underscores th...
AbbVie has submitted an application to the European Medicines Agency (EMA) for approval of SKYRIZI (risankizumab) as a subcutaneous induction treatment for adults with moderately to severely active Crohn's disease. This follows positive results from ...
Amgen and AstraZeneca announced that TEZSPIRE (tezepelumab-ekko) demonstrated significant and sustained improvements in eosinophilic esophagitis (EoE) patients in the Phase 3 CROSSING trial, with benefits maintained through 52 weeks. The drug improve...
VEEM Limited announced its FY 2026 financial results with revenue reaching $51.7 million, hitting the upper end of guidance despite lower gyro sales and delays in ASC orders. EBITDA was $3.6 million, within the expected range but down from the previo...
Ripple's RLUSD stablecoin crossed a $2 billion market capitalization less than two years after its December 2024 launch, with nearly half issued on the XRP Ledger and slightly more on Ethereum. The stablecoin is backed by cash reserves held under New...
